Sandy Spring Correlations

SASR Stock

USD 38.11 0.43 1.14%

The current 90-days correlation between Sandy Spring Bancorp and Provident Financial Services is 0.88 (i.e., Very poor diversification). The correlation of Sandy Spring is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Sandy Spring Correlation With Market

Poor diversification

The correlation between Sandy Spring Bancorp and DJI is 0.68 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sandy Spring Bancorp and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sandy Spring Bancorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with Sandy Stock

0.96	AX	Axos Financial	Pair Corr
0.96	BY	Byline Bancorp Fiscal Year End 23rd of January 2025	Pair Corr
0.97	PB	Prosperity Bancshares Fiscal Year End 22nd of January 2025	Pair Corr
0.96	RF	Regions Financial Fiscal Year End 17th of January 2025	Pair Corr
0.67	VABK	Virginia National	Pair Corr
0.91	VBNK	VersaBank Normal Trading	Pair Corr
0.94	VBTX	Veritex Holdings Fiscal Year End 28th of January 2025	Pair Corr
0.78	TECTP	Tectonic Financial	Pair Corr
0.82	EBMT	Eagle Bancorp Montana Fiscal Year End 28th of January 2025	Pair Corr
0.97	EBTC	Enterprise Bancorp	Pair Corr
0.98	EFSC	Enterprise Financial Fiscal Year End 27th of January 2025	Pair Corr
0.94	EGBN	Eagle Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.65	KEY-PL	KeyCorp	Pair Corr
0.96	WABC	Westamerica Bancorporation Fiscal Year End 16th of January 2025	Pair Corr
0.68	WAFD	Washington Federal	Pair Corr
0.95	WASH	Washington Trust Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.75	BANC-PF	Banc of California	Pair Corr
0.96	EQBK	Equity Bancshares, Fiscal Year End 22nd of January 2025	Pair Corr
0.83	ESSA	ESSA Bancorp Normal Trading	Pair Corr
0.91	EVBN	Evans Bancorp	Pair Corr
0.78	WSBCP	WesBanco	Pair Corr

Moving against Sandy Stock

0.66	CFG-PE	Citizens Financial	Pair Corr
0.61	TFC-PO	Truist Financial	Pair Corr
0.6	TFC-PR	Truist Financial	Pair Corr
0.39	WF	Woori Financial Group	Pair Corr
0.42	WAFDP	Washington Federal	Pair Corr
0.41	FRCIL	First Republic Bank	Pair Corr
0.37	FRCCL	First Republic Bank	Pair Corr
0.37	FRCHL	First Republic Bank	Pair Corr
0.33	WBBW	Westbury Bancorp	Pair Corr

Related Correlations Analysis

	NRIM	PFS	CTBI	FIBK	BWFG	SHBI	BY	CVBF	PEBO	FRST
NRIM		0.88	0.86	0.9	0.94	0.89	0.89	0.89	0.89	0.81	NRIM
PFS	0.88		0.97	0.97	0.83	0.98	0.97	0.96	0.99	0.76	PFS
CTBI	0.86	0.97		0.96	0.79	0.98	0.96	0.98	0.97	0.69	CTBI
FIBK	0.9	0.97	0.96		0.82	0.96	0.93	0.96	0.95	0.81	FIBK
BWFG	0.94	0.83	0.79	0.82		0.84	0.86	0.81	0.86	0.75	BWFG
SHBI	0.89	0.98	0.98	0.96	0.84		0.98	0.97	0.98	0.72	SHBI
BY	0.89	0.97	0.96	0.93	0.86	0.98		0.94	0.98	0.72	BY
CVBF	0.89	0.96	0.98	0.96	0.81	0.97	0.94		0.95	0.7	CVBF
PEBO	0.89	0.99	0.97	0.95	0.86	0.98	0.98	0.95		0.73	PEBO
FRST	0.81	0.76	0.69	0.81	0.75	0.72	0.72	0.7	0.73		FRST
	NRIM	PFS	CTBI	FIBK	BWFG	SHBI	BY	CVBF	PEBO	FRST

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Risk-Adjusted Indicators

There is a big difference between Sandy Stock performing well and Sandy Spring Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Sandy Spring's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
NRIM	1.96	0.16	0.16	0.18	1.73	(2.45)	4.02	(3.54)	20.99
PFS	1.60	(0.06)	0.04	0.09	1.65	(1.75)	3.25	(2.92)	17.37
CTBI	1.54	0.02	0.09	0.12	1.57	(1.84)	3.17	(2.42)	21.98
FIBK	1.57	(0.03)	0.07	0.10	1.68	(1.81)	3.54	(3.20)	18.74
BWFG	1.62	(0.06)	0.03	0.09	1.97	(1.76)	3.38	(2.51)	17.30
SHBI	1.26	0.06	0.12	0.15	1.05	(1.59)	2.81	(2.80)	15.67
BY	1.54	(0.04)	0.08	0.10	1.35	(2.05)	3.40	(2.51)	20.72
CVBF	1.66	0.12	0.17	0.16	1.35	(1.99)	3.62	(2.48)	21.39
PEBO	1.52	(0.06)	0.04	0.09	1.56	(1.76)	3.62	(2.72)	17.61
FRST	1.49	(0.22)	(0.03)	0.02	1.69	(1.82)	2.77	(3.05)	18.73

Sandy Spring Corporate Management

CPA CPA	Ex CFO	Profile
Ronda McDowell	Chief Credit Officer of the Bank	Profile
Kenneth Cook	Ex Bank	Profile
Charlie Cullum	Deputy Treasurer	Profile
Aaron JD	Executive Officer	Profile

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